subject
Business, 21.04.2020 17:24 smartperraorwhateva

Consider the economies of Blahnik and Gribinez, both of which produce gobs of goo using only tools and workers. Suppose that, during the course of 10 years, the level of physical capital per worker rises by 4 tools per worker in each economy, but the size of each labor force remains the same. Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2014 and 2024.BlahnikPhysical Capital Labor Force Output ProductivityYear (Tools per worker) (Workers) (Gobs of goo) (Gobs per worker)2014 11 30 3,000 2024 15 30 3,600 GribinezPhysical Capital Labor Force Output ProductivityYear (Tools per worker) (Workers) (Gobs of goo) (Gobs per worker)2014 8 30 2,400 2024 12 30 3,600 Initially, the number of tools per worker was higher in Blahnik and Gribinez. From 2014 to 2024, capital per worker rises by 4 units in each country. The 4-unit change in capital per worker causes productivity in Blahnik to rise by a _ amount than productivity in Gribinez. This illustrates the concept of _, which makes it _ for countries with low output to catch up to those with higher output.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:20
Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.
Answers: 1
question
Business, 22.06.2019 18:00
Match the different financial task to their corresponding financial life cycle phases
Answers: 3
question
Business, 22.06.2019 20:20
Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.
Answers: 3
question
Business, 23.06.2019 01:30
What is a market? a. a system that allows people or companies to buy and sell products and services b. the number of companies willing to manufacture a specific product c. the ability to buy production materials in large quantities and save on costs d. a product's ability to satisfy a consumer
Answers: 2
You know the right answer?
Consider the economies of Blahnik and Gribinez, both of which produce gobs of goo using only tools a...
Questions
question
Mathematics, 30.01.2021 02:20
question
Mathematics, 30.01.2021 02:20
question
Mathematics, 30.01.2021 02:20
question
Mathematics, 30.01.2021 02:20
question
Mathematics, 30.01.2021 02:20
question
Mathematics, 30.01.2021 02:20
question
English, 30.01.2021 02:20
Questions on the website: 13722367